Genworth’s 30 Year Colony Term UL Being Suspended
May 4, 2012 Life Insurance Updates
Genworth announced today that they will be temporarily suspending sales of their Colony Term UL 30 year product. Beginning June 4th, 2012, applications for the Colony Term UL 30 will no longer be accepted.
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Protective Life Lowers Term Life Insurance Rates
Jan 29, 2012 Life Insurance Quotes, Life Insurance Rates, Life Insurance Updates
Protective Life lowered term life insurance rates by as much as 20%. They also have a feature on their term life policy which allows you to select a monthly payout instead of a lump sum or a partial lump sum with the rest being paid out on a monthly basis. This further reduces the premium. For example, if you want to leave 1MM to your beneficiary, but you prefer that they receive 500k up front and then the rest in monthly payments, you can do so and it will cost less than if they received the full 1 million up front.
For a life insurance quote, please call us at 1-888-950-TERM.
Tags: Life Insurance Quotes, Protective Life Lowers Term Life Insurance Rates, term life insurance rates
PruTerm WorkLife 65
Jul 30, 2011 Life Insurance Updates
PruTerm WorkLife 65 is a different kind of term policy. It offers guaranteed protection until the traditional retirement age of 65, no matter when you buy it.
In addition, at no extra cost, PruTerm WorkLife 65 will pay your premium for one year if you become unemployed. This can be a valuable benefit when you consider that nearly one in 10 American workers is unemployed today, according to the Bureau of Labor Statistics as of September 2010 News Release.
PruTerm WorkLife 65 will also pay for your premiums if you become disabled at any time up to age 65. Three of 10 Americans will become disabled before they retire, according to the Council for Disability Awareness website, “Chances of Disability,” as of November 2, 2010.
Your premiums are guaranteed and will not increase before age 65.
Conversion privileges are available up to age 65 without additional medical testing.
For additional information please call us at 1-888-950-TERM.
Tags: PruTerm WorkLife 65
Prudential Lower’s Universal Life and Term Life Insurance Rates!
Jul 30, 2011 Life Insurance Rates, Life Insurance Updates
On July 18 Prudential lowered prices on PruLife Universal Protector, Term Elite and Term Essential.
Prudential’s Universal Protector:
- UL Protector shows major improvements in competitiveness through age 65.
- Rates are improved through age 65 for their top three non-smoker underwriting categories.
- Single pay rates have been reduced for their top three non-smoker underwriting categories.
- Rate reductions also for Non-Smoker, Preferred Smoker and Smoker underwriting categories for full pay and No-Lapse Guarantee to age 100 payment scenarios.
- Maximum issue age has been reduced to 85.
Prudential’s Term Essential and Term Elite:
- Premiums at some ages and some underwriting categories have been reduced by up to 10%.
- 30-year Term Essential rates are also top quartile on a same age basis and they are the price leader or close to it across most issue ages and underwriting categories.
- Term Essential rates are often ranked #1 at key ages with the Age Last Birthday advantage:
- 10-year Term Essential for ages 60 and older.
- 15 and 20-year Term Essential for ages 50 and older.
Convertibility:
- Prudential’s term products are eligible for conversion to any of their permanent products.
- They do not force you to convert to a less competitive conversion product like many other companies do.
Age Last Birthday Advantage:
- Most life insurance companies calculate your insurance age by your nearest birthday. So, if you are 65, but you are closer to your 66th birthday, they will calculate your rates as if you were already 66.
- Prudential uses your actual age to determine your life insurance rates.
If you would like a life insurance quote click here or call us at 1-888-950-TERM.
Tags: Age Last Birthday, Convertibility, life insurance quote, non-smoker, preferred smoker, Prudential Lower's Universal Life and Term Life Insurance Rates
What is Term UL?
Nov 10, 2010 Life Insurance 101, Life Insurance Updates
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Taxable Gifts in 2010
Oct 18, 2010 Life Insurance Updates, Wealth Transfer
Do you have more wealth than you will need during your lifetime? Do you have a taxable estate? If so, you should be working on strategies to transfer your wealth to your beneficiaries as efficiently as possible.
Read the rest of this entry »
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Second to Die Life Insurance for Estate Taxes
Oct 6, 2010 Life Insurance Quotes, Life Insurance Updates, Types of Life Insurance
Second to Die Life Insurancealso known as survivorship life insurance is one of the most common types of life insurance used for minimizing estate taxes. In 2010 there are no estate taxes, but estate taxes are scheduled to return in 2011.
George Steinbrenner may have saved his family approximately $500 million in federal estate taxes by dying on July 13, 2010 six months after federal estate taxes ended. Steinbrenner’s estate was estimated at 1.15 billion by Forbes magazine.
When federal estate taxes return on Jan. 1, 2011, Read the rest of this entry »
Tags: estate planning, estate taxes, estate taxes 2011, federal estate taxes, life insurance, second to die life insurance for estate taxes, second to die life insurance policy, second to die life insurance quote, unlimited marital deduction
Second to Die Life Insurance for Estate Taxes
Oct 5, 2010 Life Insurance Quotes, Life Insurance Updates, Types of Life Insurance
Second to Die Life Insurance is one of the most common types of life insurance used for minimizing estate taxes. In 2010 there are no estate taxes, but estate taxes are scheduled to return in 2011.
George Steinbrenner may have saved his family approximately $500 million in federal estate taxes by dying on July 13, 2010 six months after federal estate taxes ended. Steinbrenner’s estate was estimated at 1.15 billion by Forbes magazine.
When federal estate taxes return on Jan. 1, 2011,
Read the rest of this entry »
Tags: estate planning, estate taxes, estate taxes 2011, federal estate taxes, life insurance, second to die life insurance for estate taxes, second to die life insurance policy, unlimited marital deduction
